This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the price of a good increased, a. It would also increase the quantity exchanged if it was caused ... (Read 83 times)

Tazate

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
If the price of a good increased,
 a. It would also increase the quantity exchanged if it was caused by an increase in demand.
  b. It would also decrease the quantity exchanged if it was caused by an increase in supply.
  c. We would not know how quantity would change if we didn't know whether it was due a change in demand or a change in supply.
  d. All of the above would be true.

Question 2

If the government decides to spend an extra 4 billion on fighter jets that they would otherwise have spent on computers, and the MPC = 0.75, what is the effect on AD?
 a. AD increases by 20 billion.
  b. AD increases by 16 billion.
  c. AD increases by 4 billion.
  d. AD does not change.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

snackralk

  • Sr. Member
  • ****
  • Posts: 363
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


Tazate

  • Hero Member
  • *****
  • Posts: 532
Reply #2 on: Jun 30, 2018
Thank you


snackralk

  • Sr. Member
  • ****
  • Posts: 363
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Thinning of eggshells caused by DDT. Thinning of eggshells caused by DDT.
Feedback mechanisms of the thyroid gland: (1) stimulus; (2) release of TSH; (3) release of thyroid h Feedback mechanisms of the thyroid gland: (1) stimulus; (2) release of TSH; (3) release of thyroid h
Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe
Radiation Quantity and Quality Radiation Quantity and Quality
Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ... Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ...
Prevalence of good health in Canadians aged 65 years and older Prevalence of good health in Canadians aged 65 years and older
Video: Contraction and Relaxation Animation

For a complete list of videos, visit our video library